Chapman Investment Management LLC Purchases 15,172 Shares of Uber Technologies, Inc. (NYSE:UBER)

Chapman Investment Management LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 214.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,257 shares of the ride-sharing company’s stock after acquiring an additional 15,172 shares during the period. Uber Technologies accounts for 1.3% of Chapman Investment Management LLC’s portfolio, making the stock its 21st largest holding. Chapman Investment Management LLC’s holdings in Uber Technologies were worth $1,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares during the last quarter. Capital World Investors lifted its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after buying an additional 8,164,816 shares during the period. Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter worth $1,415,778,000. Finally, Brown Advisory Inc. lifted its stake in shares of Uber Technologies by 14.7% during the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after acquiring an additional 2,307,763 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,984 shares of company stock worth $42,258,297. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

Uber Technologies stock traded up $4.21 during midday trading on Thursday, reaching $73.48. 26,648,877 shares of the company’s stock were exchanged, compared to its average volume of 19,038,824. The stock’s 50-day simple moving average is $68.37 and its 200 day simple moving average is $70.31. The firm has a market cap of $153.54 billion, a price-to-earnings ratio of 118.52, a P/E/G ratio of 1.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the company posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. Roth Mkm reaffirmed a “buy” rating and set a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. UBS Group cut their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.